| Owning the perfect pool without cutting corners is easy. The funds
are available and the terms of financing vary. Arizona Pool and Spa Design Group has researched the best sources, the best rates, and best terms
available for our pool customers. Putting your Phoenix pool on your
“first mortgage” is the best way to stretch your pool’s
cost over the longest duration of time possible, which lowers your
monthly pool payment and allows you to enjoy owning a more spectacular
pool.
How you benefit with finance options:
1. Maintains liquidity
Once the cash is spent; it's gone! It can't be used in the event
of an emergency, for purchases of items that depreciate in value,
wouldn't have tax deductible interest, nor the advantage of an
investment opportunity. By financing, you keep the cash for purchases
that are more conducive to cash purchasing. If at some time you
decide that you don't want to continue making payments, you can
pay the loan off, without any pre-payment penalties.
2. Bill consolidation
A real benefit to financing can be consolidating some or all
of your existing interest-accruing obligations with your property
improvement loan. It is likely that the one consolidated loan
payment would be less than the total of payments that have been
consolidated.
3. Tax deduction
Since most all property improvement loans are collateralized
by a second deed of trust on the home, the interest you pay is
completely tax deductible. No other interest is deductible.
4. Home more marketable by financing
Let's say you have a home valued at $100,000 with a mortgage
of $80,000. You pay cash for a $20,000 improvement project; your
equity in the home is now $30,000. For someone to assume your
mortgage, you will have to net $30,000. If, on the other hand,
you finance the $20,000 with the assumption capability of the
loan, the new buyer would have to come up with less down.
What this all means, is there are more people that could buy
your home, resulting in a faster sale with less likelihood of
you having to reduce your price.
5. Ease of handling
Financing your home improvement is easy. A credit application
is completed and everything else is handled for you. No uncomfortable
or inconvenient meetings with the bank. All processing and verifying
is conveniently handled for you. We even come to your home to
close the loan, both evening hours and on weekends.
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